Do You Use Alcoa As An Indicator For Earnings Season?

Alcoa Inc AA kicked off Q1 earnings season on Monday, reporting EPS of $0.07 on revenue of $4.95 billion versus consensus estimates of $0.02 and $5.14 billion. The mixed results triggered an equally mixed market reaction. After falling 2.6 percent in Tuesday’s session, Alcoa’s stock is surging 5.4 percent Wednesday.